Internal Tissue Sealants Market Status And Forecast, By Players 2029
According to WHO, globally, 235 million critical surgical procedures are performed on a yearly basis. This points toward an incessant rise in procedures, suggesting the need for surgical services. There prevails a notable probability of wound infection, acute bleeding, and tissue injury during surgical treatments. With this, the need to curtail surgical wounds has also risen at a serious pace. Moreover, a greater proportion of the population is suffering from diabetes who are more susceptible to encounter complications pre and post-operative complications. And, hence, these individuals require much more care and attention. All factors combined, the global internal tissue sealants market is likely to experience a steep rise in the growth curve.
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Rise in Caesarean Instances Channels Robust Growth Across Internal Tissue Sealants and Adhesives
With a consistent uptick in the birth rate, the global population has witnessed a drastic rise. In addition, the frequency of caesarean (C-Section) operations has also mounted significantly. As per WHO, 1 in every 5 births, across the globe, takes place through caesarean section. With an anticipated rise in the numbers, caesarean procedures are poised to be performed for approximately 29% of births. To this end, 53% of deliveries in Latin America and the Caribbean would be through C-section, while 63% of babies shall be delivered via C-section in Eastern Asia. Such a rise in the incidence of caesarean operations is likely to pose the need for surgical sealants. These sealants enable the stoppage of bleeding and prevent the occurrence of further infections. That said, the internal tissue sealants market is set to benefit greatly from the growing incidence of caesarean operations.
An uptick in Incidence of Fatal Traffic Accidents to Accelerate Market Growth
The US Department of Transportation reports 33,244 fatalities due to vehicle accidents in 2019, creating a need for prompt medical attention and surgery. Likewise, there has been substantial demand for post-crash surgeries in low and middle-income economies, such as India. In India alone, 4,51,361 wounds and injuries were reported recently, requiring immediate medical attention or surgery for treating the wounds. In these fatal auto accidents, it is essential to use sealants and adhesives to treat and close skin tears to stop excessive bleeding. An ongoing rise in fatal traffic accidents is paving the way for global internal tissue sealants to sound fruition.
North America to Acquire Largest Major Market Share due to Rising Cases of Surgical Injuries
During the projection term, North America is projected to hold a dominant share in the global internal tissue sealants market. Underpinning this growth is growing public awareness apropos to the need for such treatments at the mishap of accidents and issues regarding chronic diseases. New and improved surgical device regulations and norms, considering rising injuries and accidents, are further fueling the pace of market expansion in the region. On the other hand, Asia Pacific is likely to stay a lucrative region with future-driven value-based healthcare practices to create a sustainable health system. Cutting-edge procedures are being employed in operations and relevant medical procedures, promoting healthcare accessibility at minimal costs.
Distinguished Market Players
The most promising players in the global internal tissue sealants market include C.R. Bard, Inc., Pfizer Inc., Baxter International Inc., Integra Lifesciences Holdings Corporation, Ethicon (Johnson & Johnson), Tissuemed Ltd., Sanofi S.A., Braun Melsungen Ag, Cryolife Inc., and Cohera Medical, Inc.
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